Hooray for the Death Tax!

Townhall ^ | 6/9/2006 | Larry Kudlow

[wjersey]

NJ still hasn't figured out why old rich people from NJ move to FL to die.

[CharlesWayneCT]

We aren't taxing rich people. The rich people are dead.

We are taxing their poor heirs, who just lost a loved one, and now watch as half their loved one's worldly posessions are taken by the government.

[The Iceman Cometh]

You gotta love necropheliac tax policy!

[Racer1]

Got to pay for all those illegals somehow.

[proxy_user]

Hmmmm.....maybe the children should have to earn their own money.

If all fortunes were earned, wealthy people would be much more likely to be conservatives, since they would have to understand how the world really works in order to become successful. This would cut down on the Kennedys and Rockefellers.

[tflabo]

"So the estate tax cut went down in the Senate, to the cheers of class warriors everywhere. Congratulations to Democratic senators Evan Bayh, Mary Landrieu, Ron Wyden, and Mark Pryor -- all of whom voted against death-tax repeal after voting in favor of it a few years ago. At last, they’ve come to their senses!"

America..remember these liars and crooks who vote to steal your family wealth via death taxation. GHOULS.

[southernnorthcarolina]

We aren't taxing rich people. The rich people are dead.

We are taxing their poor heirs, who just lost a loved one, and now watch as half their loved one's worldly possessions are taken by the government.

That might be the best brief summation of the estate tax that I've seen.

[CharlesWayneCT]

That would be a good thing for the parents of children to decide.

I don't want the GOVERNMENT deciding whether my children should have to earn their own money or not.

[Neidermeyer]

Perhaps this will be enough of an eye opener to really get the ball rolling on the FairTax...

[randita]

Hmmmm.....maybe the children should have to earn their own money.

I think that should be up to the rich parents, not the government, to decide.

[tuvals]

You mean these folks are two faced! A picture is worth a thousand words:

[FlingWingFlyer]

I can hear Mary Landrieu now. If they are going to continue to vote after they're dead, they can pay taxes.

[colonel mosby]

Yes, but don't forget George Voinovich of Ohio, and Lincoln Chafee of Rhode Island. They are the only two Republicans who joined the Democrats to defeat the repeal.

Once again, the RINOS kill the meaning of Republican "majority.

Voinovich needs a conservative primary opponent to send him back to Ohio to rot, and prepare to hand over his estate to the feds.

[art_rocks]

We should get this group to sign a pledge that when they die, they will pay their fair share. They will divest themsilves of any trust or other estate tax avoidance schemes they use to not pay.

If they believe in this tax, I want to make sure they pay it.

I want to see an independant group state that Ted Kennedy will pay hie 55% estate tax if he dies. I want to see him pay his tax for the Kennedy compound in the Hamptons.

I think we should start a movement. As my English skills are deficient as compared to others on this site, I will let come up with the written document. (Yea, I know I'm not doing the work> :))

[Beagle8U]

"If all fortunes were earned, wealthy people would be much more likely to be conservatives, since they would have to understand how the world really works in order to become successful. This would cut down on the Kennedys and Rockefellers."

It would cut down on all the family farms too!

What the hell is the exemption now on estate tax, one million? Most family farms have that much, or more, in equipment. Even the smaller operations are worth more than that if you count the land in there.

And just what exactly makes you think that the kids that have been working all their life on that farm didn't earn that money?

I'm sure the same is true for family restaurants, small factories, and most other family businesses.

Take your estate tax and shove it.

[nkycincinnatikid]

I recall very clearly as a youngster hearing my own father stating a similar thought. Esentially that inherited wealth was very likely detremental to character, and that confiscatory death taxes were perhaps not so evil. It stuck with me as he, like my entire family, was otherwise so anti socialist/democrat party. I recognised however that he had after all found it his lot to bail out his depression ruined parents, not enjoy the luxury of inherited wealth, and perhaps he felt some resentment from that . YET, in the final analysis he took great care to protect his assets by every means possible from confiscation by the government, and I assure you it afforded him great happiness and satisfaction to be able to bequeath much of the fruit of his labor to his family. You know , after all , it was HIS wealth , do do with as HE saw fit.

[A CA Guy]

Actually, IMO they should direct a great portion of the death tax back at paying back the National Debt.

I don't know who here can call themselves conservatives if they are unwilling to pay that bill, or at least try to with money after their death when they wouldn't need it.

How many believe in responsibility here in paying their tab and how many believe they should run away from the bill like the liberal hearted slugs they are?

[A CA Guy]

The Kennedy's have trusts held in tax havens outside of the country and will pay about 1% estate tax in those foreign lands last I heard.

[A CA Guy]

Anyone with a family farm or other business should set them up in special trusts before the owners die so it passes on with little or no tax.

Problem is that if some farmers and other business owners are stupid, then they will have no protection and will pay top dollar at the date of death.

[groanup]

Hmmmm.....maybe the children should have to earn their own money.

Yeah. We surely don't need the billions of dollars of charitable donations the old money heirs spend all of their time disbursing. It is much better for the government to do it. Jeeeeze.